Monday, December 21, 2015

Gold adding some gains after equity markets fell 21 Dec, 2015

Today, Gold edged up, adding more gains from the previous trading session, as weakness in the dollar and equities helped the metal regain some losses from a US interest rate lift last week. Concerns that requirement for non-interest-paying bullion will take a hit from the rate increase continue to cast a shadow, and going to limit any rally in gold.

Spot gold had mark off up 0.3 per-cent to USD 1,069 an ounce by 0339 GMT, contributing to the 1.4 per-cent gain on Friday last week.  We believe that trading conditions will start to thin out, but that does not mean trading ranges will necessarily narrow.

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